Online Poker Helps Playtech Record Profits

Published September 8, 2009 by OCR Editor

Online Poker Helps Playtech Record Profits

Gambling software provider announces 37% rise in profits.

Gambling software provider Playtech has announced a record 37 percent rise in profits in the first half of 2009, aided by an increase in demand for online poker.

The company, which recently signed a deal to develop software for William Hill's online gambling services, announced a profit of 32.8 million Euros ($47 million), up significantly from the 24 million Euro profit ($34.4 million) it recorded a year earlier.

Shares in Playtech rose recently after it said it had overcome problems in its project with William Hill.

"We remain firm believers in William Hill Online and there are already some encouraging signs, including a big increase in the number of players," Playtech chief Mor Weizer said, adding that Playtech planned to introduce gambling software for Apples iPhone and Google's Android devices by the end of 2009.

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